Multiple Choice Questions on The principal on which a simple interest of Rs 55 will be obtained after 9 months at the rate of 11 ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The principal on which a simple interest of Rs 55 will be obtained after 9 months at the rate of 11 ...........

Quant (SSC) Simple Interest
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    The principal on which a simple interest of Rs. 55 will be obtained after 9 months at the rate of 11/3% per annum is

    1000

    Incorrect Answer

    1500

    Incorrect Answer

    2000

    Correct Answer

    2500

    Incorrect Answer
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    Explanation:

    Let P be the principal.
    Given that, SI = ? 55,
    time (t) = 9 months = 9/12 yr and rate(r) = 11/3%
    SI = P × r × t /100
    ⇒ P = SI ×100 /r x t
    = 55 x 100 /11 x 9 × 3 × 12
    = 5 × 100 × 4 = 2000
    ∴   Principal (P) = ? 2000.

    By: Amit Kumar
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